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thing on your agenda. what is the president missing? >> needs to understand that the economy is the number-one issue, does not matter if you are woman or man. the problem is we need jobs. >> but he has no plan. this is all about distracting, turning your attention to something that he thinks you will like instead of a job. it's let them eat cake. gerri: jason. >> the frivolity of his campaign. it's binders full of women, bayonets, big bird, and at the top of this message that we are comparing a sexual experience to voting for barack obama. i think the analogy is apropos because another four years of barack obama will be painful. gerri: we have a gallup tracking poll with from the leading obama 51-46%. and yet in the desperation that we are talking about, you luded to it, but we did not say it. the comment from the president about romney calling him of the answer. now he used the word. the president used the word. >> the president of the united states. gerri: what does that tell you? >> what is interesting about all of these, wht they're showing is that the debates, a lot of i
. while the editors praise president obama's early efforts to revitalize the economy through his stimulus plan, it concluded his record on the economy the past four years does not suggest he would lead in the direction the nation must go in the next four years. joining me now for the politics of weather and everything else is obama campaign senior advisor david axelrod. good morning, david. let me start here with the storm. when you look at virginia where this is likely to be the swing state most affected, does mying worry you about that state being more or less paralyzed by weather for a couple three, four days? >> well, the first thing i think we should say is we're most concerned about people. this storm could affect 50 million americans. the president has been in close contact with fema and dhs and all the agencies that have responsibility here to make sure we're doing everything we can for people, and that's what he is going to continue to do throughout this -- throughout this storm, and in terms of how it affects the election, i don't think anybody really knows. obviously we want un
pushing their plans to rev up our economy and we find out it's still not in full recovy mode and more u.s. comnies are announcing major firing, not hiring. the president has his pamphlet and the governor has his overall plan. and more on the pamphlet later. and is governor romney's call right or wrong? i'm brenda buttner, it's bulls and bears. we've got gary b smith. tobin smith. jonas max ferris along with tim la camp and steve murphy, welcome, everybody. okay. the folks at forbes will tackle the pamphlet plan in one hour, fair and balanced. what about the plan to overhaul the tax code. what is it going to mean for jobs. >> i think it's going to be great for jobs. overhauling the taxes is the thing that the governor and hopefully president romney can do. and incents, if that's a word, every individual and corporation out there. provides a path of what they're going to do, what they're going to pay and if it's simplified and overhauled, it will get rid of hopefully a lot of the special interests, which tak the government out of the intervention and provides a clear playing field for eve
. and i want to start wu. burned out workers helpi the economy. how does that work? >> if we live in utopia they would skip to work and share cookies on the coffee break. we are seeing even though people are in jobs they can't stand. myself not included. you go to work because you have pay the bills and keep your hosholted going. you are not quiting on yourself and that is part of the american drive that is keeping the going. >> is it good that 63 percent . workers fl stressed out and extreme fatigue. is that good for busins? >> no, it is not good that americans are feeling stressed out. we are in bad economic times and have the lowest labor participate . 37 million americans are in porty out there. but the fact that americans show up and go to work. it is what the greatest generation did in world war ii. i have been over to see what our soldiers are doing. times are tough and merrence are stressed ande have structurally high unemployment and america is not used to that. but americans show up to work and plow ahead. >> more americans say showing up to work is a number one priority
reading on the economy before election day shows stronger than expected job gains. but more people were look for work last month and that pushed unemployment a tenth of a point higher to 7 .9%. still a pickup of 171,000 jobs is significant. economist stewart hoffman calls it the real deal. >> a good gain in jobs, a widespread gains, this isn't a fluke, it's a genuine improvement in the jobs market. >> in a moment lou dobbs will tell us if he agrees with that point of view. here is what is really happening. unemployment ticked up to 7.9%. however, there were more jobs available in october. in fact, the workforce rose by 578,000 americans. that's good. the reason unemployment went up is because more americans are now looking for jobs because more jobs are becoming available. the bad news is that unemployment among african americans jumped almost a full percentage point from 13.4% to 14.3%. that is a disaster. also, the real unemployment rate in october was 14.6%, including people who have given up looking for work. bottom line, 12.5 million americans who want to work, can't find employmen
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
the economy, his record, and responsibility where the unemployment rate and in this economic recovery now stand. voters simply trust governor romney more on this most imrtant issue. let's reveal -- that is revealed in poll after poll. a new "washington post" poll shows governor romney turning the economy around. with an 11-point lead as well, and to america trust moreo work with both parties in congress. so to give this election does turn on the economy, governor romney has, perhaps, an edge going into the election's final hours. we will take up the election, which way the swing states we will breaking key demographics with former bush chief of staff and campaign savant karl rove. retired navy admiral james lyons joins us he says the american people deserve to hear the truth about pin gauzy, and it is time for the president to come clean. he joins us live tonight. not only the president in question, the balance of power in congress to be decided. and that is the subject of tonight's start talks. joining me now, former deputy chief of staff to president george w. bush, kal rove. fox is a c
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
of work might disagree. the national debt has risen by more than $5 trillion. the nation's economy, it is all but stagnant. this has governor romney running l as the candidate of change. >> accomplishing change is not just something i talked about. it is something actually done, and we need to have someone in the white house who cannot just talk about it, but do it. lou: the most recent poll of ohio mirrors those tight national polls. rasmussen reports showing governor romney tied with president obama at 49%. nationally the dead heat can be seen across a white canvas o polls. the rea clear politics bulbuls has the two men separated tonight by a mere tenth of percentage point to. the rasmussen reports daily tracking poll has the race at 48%. the abc washington post tracking poll shows the governor taking a one point lead after trailing by one yesterday. those of the two most recent national polls. and while the polls are tight, they are not always accurate or indicative of the of come. either candidate could win tis election by a sizable margin, if you consider a sizable margin to b
the economy is that investment, and the fact it's declining? wow, that's really a bad sign. neil: scott, a better future indicator? what so many ceos are saying i'm preparing for the worst just in case. suspect that a more telling future? >> yeah, look at consumer spending numbers. the positive note is it increased, but guess what? it's down from the first quarter and down from last year so you're right, the businesses look at the dollars from the wallets saying, hey, they are not flying out of there. if you look the the investment numbers, convicting to gdp last year and the year prior, which, by the way, gdp, 1.7%, below the trend this year, 3% in 2010. the economy's deaccelerating. neil: adam, do you think of that? >> well, things could be better. fact of the matter is the economy is growing. it's not growing as much as we'd like it to grow, but it is growing. >> not as fast as before. >> the housing sector's recovering, key, it should recover. it's been down for so long, and the financial system is sound, you know, balance sheets generally good, so we can focus on the negative, or,
on the president and how he's doing on the economy. 45 percent are approving of the job is doing. 52 percent are not. i should say that approval rating has edged up. this could be, perhaps, the more distressing news for at least mitt romney. he still leads among independent voters by 7 percent, but that has gone down from 12% that he enjoyed a little more than a couple weeks ago. you can extrapolate all you will from these polls. doesn't mean that the trend is the residence friend again, six days to go, it's anyone's guess. the romney folks still feel the momentum is there. in the sunshine state particularly. >> hi. on the subject of disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education,
grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. @%u: a president has a new economic plan strikingly similar to the old one but has more pictures. four more years of the president's policies for the country in just moments. here's what have been don wall street. gdp expanded at 4% but news the economy is growing as some feared. of the edo squeezes out modest gains trading on the big board. 3.3 billion in line with recent activity. the dow is down and the nasdaq just over half a percent. gasoline futures moving higher with supply disruptions on the east coast worried about hurricane sandy. the 10 year note is coming back with a sense things are slowly improving. consumer confidence shows rising at to a five-year high. some expected more than that. more bad news with the president green energy agenda. despite -- inspector general slamming the green jobs training program and that the independent report. more than half of the 81,000 who part
-cents, joining us now to analyze what is going on with the economy. these markets, arthur lapre it is great to have you with us. >> thank you, lou. lou: start with impact of the hurricane. to whether much is made too much made, of the impact on gdp growth or broad economy for next several months. >> it is just a temporary hit, i would expect from the storm. i don't think it will be long lasting or affect gdp growth. it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. andn terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president oba of presidential, and did these duties correctly. i don't think that mitt romney any anything wrong. he was very respectful of the storm and respectful of the people. i think the
patriotism. rooted in the belief that growing our economy begins with a strong and thriving middle class. >> i get it about the class. but if we hit people with more tax people who are work maybe doing pretty well and somehow it is more patriotic to pay more taxes, i love what arthur godfrey said. he was proud to be a tax paying american and he could be just as proud for half of the money. it is not a matter of patriotism for the government to take more and more of what we earn and redistribute it not so much to people who are absolutely desperate and in need. but just to people who kind of like to have what somebody else had. there is no patriotism in that. it is working hard and not expecting our government to do something for us and expecting us to do something for our government. there was a democrat named john f. kennedy. he had it right. ask not what your country can do for you. ask what you can do for your country. the way i was brought up. democrat or republican. that was patriotism. the obama late night talk show mirn tour continued this week the president was on jay leno. >> yo
on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td amer
of the fundamentals is the economy is horrible. you have the tea party that arisen since 2010. you have romney momentum. you've got people, people decided that obama is incompetent. he can't run on anything. those are serious fundamentals. >> when we get to election day, people who are genuinely independent i think are going to break slightly our way in these battleground states. that is the data i'm looking at. >> there are many republicans, independents and democrats who aren't satisfied with the direction that we've been going in the last four years. they want a change. they want to go in a different direction. they want somebody to believe in them. they are doing that with their vote. >> we can't lose. we're going to take back america. we're going to keep it strong. we're going to overcome our challenges and keep america the hope of the earth. i need your vote on november 6th. get out and vote early. >> greta: we have more to break down the polls, minutes away. but disturbing information about benghazi. fox news obtained a classified cable from the mission in benghazi to the state departme
than on the day obama took office. he has not met on the economy or the budget or on jobs. with neither of the republican leader of house or senate since july. >> the president and governor romney reacting to the october jobs report. 171,000 jobs. the u-#, the broader, under employment rate if you will is 14.6. that is what it has been. then if you look at the adjusted unemployment rate, this is the unemployment rate is the labor force was equal to what it was in january of 2009. what about this and how it plays to the race? bill kristol of "weekly standard." kirsten powers for daily beast. and syndicated columnist charles krauthammer. charles? >> these are the numbers you get when you have a stagnant economy. stagnant unemployment. if you keep up with the numbers of jobs added, barely enough to keep up with the increase in population. unemployment takes up. people's perception of the economy have been fixed. unchanged for at least six months. so i think it has zero effect on the economy. on the election, i mean. in terms of the people who vote on the economy. so i think it's probably a
going on roughly since the 1950's, when after world war ii, we were the only economy that mattered. of course we're not the only economy that matters, charles, all of these great success stories you mentioned are just that, but, it's like a big investor trying to put money into a fund, you can't put enough money into those countries. we still have a very good economy here, a gwing economy. and with some severe problems that we need to address and we will. and what we'll deal with this problem best,eil is the economic growth and we're getting it, just not getting enough of it. >> all right, ben stein, final point? >> i don't understand where charles is coming from, we have been talking about the rest of the world economies like crazy and there are enormous inflows of money froms u.s., japan, china, the rest of the world in the meantime we are the biggest game in town even if our money is worthless and the other people's money is even more worthless. >> neil: i don't know, there might be a point, charles, i want to you respond, and snuck that in on you, that there are other options,
hampshire's economy is humming along and unemployment is at less than 6%, so when president obama and mitt romney visit the battleground state, their stump speeches tend to include promises of more job creation. our david mattingly visited two small businesses there to see what their executives think about the candidates' proposals. >> reporter: randi, victor, the unemployment rate in this critical battleground state is under 6% and well under the national average, so when it comes to campaign promises about creating jobs, businesses here say leave that to the professionals. two new hampshire small businesses that found a way to beat the recession. one is a free-wheeling tech company. producing codes that makes e-mail and the internet work better. the other has been in business for five generations. >> high carbon steel photograph needles. >> reporter: manufacturing metal pins for everything from antique phonographs to the military. >> these are ping that go into the ammunition boxes for the u.s. government. >> reporter: in tough times they both found ways to create new jobs. what every ca
thanksgiving when winds. and then the market will get back to trying to figure out what is the economy, what will earnings do. from current levels i think we have some decent upside next year. lori: department stores, application software, given the hurricane and the aftermath you heard home depot, are you changing some strategies? given that disaster? >> our investors, given with the retail investors in it for the longer haul. the home-improvement retailers, they have really done well, and things are selling right now. plywood, tarps, all those things are low margin items and while they have seen a jump since sandy hit in the market has reopened, i don't know how much they're really going to get out of sandy, but they will get more out of a continuation of the economic recovery so if you are in those we want you to stay in those, but we are not trying to get our investors in and out of stocks quickly based on the aftermath of the hurricane. lori: until your talking but the treasuries, are you taking up the space, we'd advise equities? >> even though the market is pretty close, the year-end
're in an economy that's built to list. >> an economy that's built to last, built to last. john: oh, come on, that makes them sound phony, and romney does it too. still, rohit bhargava says the repetition is smart. he approaches this from a busiss angle being a marketing consultant and author of "likeonomicss," and managing editor of the reason hag, -- magazine, and you agree with me thhs is repetitious. >> they can either say the same thing every single day into eternity or mix it up, say what they think, at which point they are accused of having made a gaffe. john: because no human being can mix it up and not say something that keeps him from being legislated? >> you know, you spend time in the public eye. you know how hard it is to say exactly what you mean every single time. michael has a great line that a gaffe is a politician accidently telling the truth. i think that's, you know, that's something we can all relate to. john: rohit, you say the repetition works, what seems to me stupid because i'm paying attention. the people are no paying that much attention. >> it's in business all th
a "c." it is not a great report considering how much the economy is down, we should create 350, 400,000 jobs a month without too much trouble. that is what reagan accomplished. that is how he got himself reelected. my feeling there is something wrong with the numbers. i don't mean anybody is cooking them because that, jobs growth is too rapid for economy only growing at 2%, and also has 2% productivity growth. either is lot more gdp growth out there than we know about or this pace of jobs creation is going to slow down. melissa: nariman, is it possible the economy is growing faster than we think it is? >> it is entirely possible. i think there are early indications it might be. the other point to be made which kind of reinforces is what peter is saying there is some seasonal funny factors if you want to call it that. seasonal adjustments are all off. a lot of it having to do with the great recession, the deep recession we went through four years ago. so i don't completely trust the month to month changes in the numbers but the longer term trends i think are reasonable. melissa: but,
days has suggested the economy has more momentum going into november than we thought before. however, when we see the pictures of sandy go from essentially heartbreaking disaster to now sort of more nerve-racking social unrest, when we hear some of the stories out there, i don't think those are the kind of pictures that cause people to take long positions in stocks. i think it's a wait-and-see position. wait and see how much sandy has an effect on the economy before you can take a positive position represented by the numbers here. >> all right. so there's a lot of noise in all of this. you've got sandy. you've got the election uncertainty. you've got uncertainty about the broad economy. i can't imagine, ron that, this 100-point selloff in the dow industrials is because people want more economic stimulus and more qe. disappointment over maybe the jobs numbers show the economy is not in need enough of more qe. we've had so much stimulus out there. >> yeah, i think anybody who's been trained on what the fed has to say knows that one month, particularly 170,000 jobs, is not going to chan
it on the economy. there maybe resents but he has not do it -- done it. lou: i am confused with the reasoning, led the national media dropping in the bail of pretense and simply supporting one man now through reelection use it just somehow governor romney would influence what they did or did not do? >> i am saying he could make it a big issue by commenting. he has not done that. there is one thing how you push the story and it is one thing for fox. lou: but now to a knowledge fox has been right. now we hear from abc will lease chronicles the efforts of others. "washington post" now chronicling the documents they found on a october 26 it is in benghazi at the consulate. where has the media ben? >> mitt romney could put this on a front-page. >> i heard you say that three times. i still don't believe it. >> this is not about governor romney but a corrupt actions from the media not to cover this pri is negligence and dereliction oduty not have a press conference or a time line specifically what happened. what did the president do that night, what orders did he give? lou: we have a gutless national lib
.d.p. report shows our nation's economy growing at a mere 2%. and that anemic growth could be because of government spending. where is the recovery? "fox & friends" begins now. it's ominous morning this morning as we begin to see what sandy does on the east coast. tropical storm the. >> the cold front coming from the west one monster slow moving storm so its effects can be felt for a few days. has sites set on the united states. rick reichmuth has been following sandy's path. so i get, rick, that's good news. others say it can be worse than irene. >> don't pay attention to it being downgraded. it doesn't mean anything. it's not really completely a tropical storm. it's going to be transitioning to what we kind of consider a nor'easter. we are accustomed to nor'easters. that kind of a event. moisture associated with a tropical storm. tropical storm holds a lot more water in the atmosphere as it transitions. that water is still going to be there radar picture showing the rain is following across parts of the carolinas. the rain is going to be heavy all day. battering waves, a lot of wind
register came out and for the first time in decades endorsed the republican candidate. why? the economy is the key issue. and in all of these states what we are starting to see is voters are saying they trust romney more than obama when it comes to the economy. >> geraldo: scott rasmussen we will be checking back with you. what are you doing tomorrow night? well, you will let me know after the show. those are the numbers. appreciate it. stay dry. up next, we go from math to political meat with the dnc's kristine pelosi and a.b. stoddard of the hill and then a prominent republican senator makes news suggesting a cease fire on benghazi gate on the probe until after the election. back in a flash. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >>> if brothers are are are. >>> if l. will will will if broshes if he gives his passport applications or records i will give to a charity of his choice, inner city
a while. perhaps even a decade. one said it shows progress in a strengthening economy, but it levels well short needed to stick complaint reduce the unemployment rate. >> good, solid growth is at least a quarter million jobs a month and even at that rate we are talking about five or six years. if you want to get back in the next presidential term in four years, you need something like 325,000 jobs a month. that's much stronger than we are getting right now. >> one obstacle preventing people from hiring is they don't know what their tax rates will be in january or how much the government will spend. all the expiring policies known as the fiscal cliff, rich. >> wall street didn't like something today. >> it was better than expected. first the stocks went higher and then they went south. they blame the costs of hurricane sandy and the dow drops 140, the s&p 13 and phase back 38. >>. >> the president and gov. romney that different reaction to the jobs numbers. we will check in with each campaign as it battles for one of the biggest swing states on the map with now four days to go. from the jo
together and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, n one. it is startling. >> very angry and fed up. what are , is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how it is supposed to be. gerri: it wasn't just residents. take a look at the front page of "the new york post." an abuse of power, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief of runner's world which follows all of this.
, you heard that it is likely going to hits our economy, hard, maybe shave upwards of a half% off our economic growth in the latest quarter, it will likely dampen christmas shaping enthusiasm, hit consumer confidence, and likely shopping in general. so much we don't know. this much we do -- just getting back to anything approaching work in big apple, will be tough. very tough. and it all begins with wall street's hope of getting back to business tomorrow morning. jamie colby, down by by battery tunnel that will be the point of entry to many who want to return but will not be able to use that point, jamie? >> reporter: without a duty, i know one person would be happen markets are open tomorrow, this is charlie gasparino, i saw you and see discuss it earlier about the fact it had to close. but it is not only thing that closed. let me show you how sporadic thing are. ritz-carlton, no lights, next door, an apartment building, full of electricity. i walked streets of lower manhattan today trying to find a single business that was cleaning up. but without power, so many had to day home, add
a handle on the economy, the handle on government spending. neil: what should romney do with this? i always thought romney botched it in the debates were sort of like a gift that should have been for him that he screwed up, but what does he do? >> he got little shy when he got hit so hard on september 12 from the press reacting too soon. this will be a lot up to this is where the specia interest groups or the outside groups, third-party groups come into play in making this a big issue making sure people know about it but also something you hear a lot of people talking to each other about and that is what undecided voters are going to affect them. the personal relationship they haveith people. when something comes to attack on american soil at an american embassy and american people, that is a concern. that is the concern for every american. nobody wants this edition to be attacked. there was a possibility we could do something about it. neil: thank you very much. for those of you just coming in here. there was a shift in developments that bears repeating and we will reat it. not to be moun
of that on top of already tough, tough economy. major department stores can derive 10% of sales from manhattan locations. a very big impact expected on the economy. the labor department releasing the final weekly jobs report before the presidential election. it shows 358,000 americans filing for first time jobless benefits. that is drop of just 9000. take a look back so you can keep it into perspective there is look since the start of the recession. we have little change since january when weekly jobless claims dropped to 360,000. tomorrow we get the last big monthly jobs report as the october number comes in. let's bring in fox business network stuart varney for a look at this. good mornings, stuart. what lies ahead? >> that is a difficult question to answer. looking at the numbers we received today from a couple of reports you can probably say tomorrow 8:30 eastern time there were roughly, 120,000 new jobs created last month. that is a very rough estimate looking at today's numbers. now let me go into today's numbers, they are politically loaded because they present a snapshot of the economy
's what have been don wall street. gdp expanded at 4% but news the economy is growing as some feared. of the edo squeezes out modest gains trading on the big board. 3.3 billion in line with recent activity. the dow is down and he nasdaq just over half a percent. gasoline futures moving higher with supply disruptions on the east coast worried about hurricane sandy. the 10 year note is coming back with a sense things are slowly improving. consumer confidence shows rising at to a five-year high. some expected more than that. re bad news with the president green energy agenda. despite -- inspector general slamming the green jobs training program and that the independent report. more than half of the 81,000 who participated and completed the training, already had jobs. correct. more than half the bowing to the training already had jobs. those who were desperate for work only 38% actually got a job and them spending 530,000 to achieve those results. the president now has his eye on executive pay rules. the next expansion of government. not a modest proposal that the stability of markets th
in the unemployment rate is a sad reminder that the economy is at a virtual standstill. >> i don't think so. the last month, the unemployment rate came down three ticks. and the romney campaign complained that we hadn't created more jobs. this month, the number of jobs created was 30%, 40% higher than expected and was fairly strong. and then they criticize that the unemployment rate ticked up one tenth. it's the last number before the election, so i think both sides are going to see, try to go through and interpret what it means. i think overall, most economists view it as a fairly solid report. and until we get the growth rate of the economy up faster than 2%, 2.5%, this is probably about what we should expect from a solid report. >> how does one explain the kind of inconsistency? 7.9%. that's up, with unemployment. then you talk about adding 171,000 jobs in october. >> yeah, a great question. a lot of people misunderstood how the jobs work. there's two surveys. the jobs come from a survey of businesses. the unemployt rate comes from a survey of people. each month, there's a lot of variability in bo
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